IN MATH: 1. adj. twice per year; once every six months. EX. If interest is compounded semiannually, the rate paid each time is half the annual rate.
IN ENGLISH: 1. as defined above.
APPLICATION: See list 120.
1. A savings account with interest compounded semiannually receives interest at a 20% annual interest rate. If $4000 is saved at the beginning of the year, what's the balance in the account at the end of the year?
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